JD.com Q2 Adj EPADS $1.29 Beats $0.83 Estimate, Sales $40.10B Miss $40.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
JD.com reported Q2 adjusted EPADS of $1.29, beating the estimate of $0.83. However, sales came in at $40.10 billion, missing the estimate of $40.83 billion.
August 15, 2024 | 10:02 am
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JD.com reported better-than-expected Q2 adjusted EPADS of $1.29, surpassing the $0.83 estimate. However, sales of $40.10 billion fell short of the $40.83 billion estimate.
The better-than-expected adjusted EPADS is a positive sign, indicating strong profitability. However, the sales miss could raise concerns about revenue growth. The mixed results may lead to neutral short-term price movement as investors weigh the positive earnings against the sales shortfall.
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